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News Topical, Digital Desk : Olectra Greentech Ltd, a company operating in the electric bus and green energy segment, has announced its September quarter results. The company informed the exchange that its consolidated net profit during the quarter was Rs 49.43 crore, compared to Rs 47.56 crore in the same quarter last year. This means that the company's profits have increased by about 4 percent year-on-year (YoY). The company's total income (Revenue) increased to Rs 657 crore in this quarter, compared to Rs 524 crore in the same quarter last year. This means that the company's revenue has increased by about 25 percent year-on-year.
However, the company's EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) increased marginally to ₹89.17 crore, compared to ₹81.25 crore last year. EBITDA margin came in at 13.58 percent, compared to 15.52 percent last year. The company's focus remains on strengthening the production and supply of electric buses and clean energy solutions. Olectra Greentech is working towards expanding its projects in the electric mobility segment in the coming months.
Stock Performance The company's shares closed at ₹1,510.70 on Friday, down 0.96 percent. Over the past year, the company's stock has declined 5.07 percent.
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